634-640 Alvarado St Los Angeles, CA 90057
- Retail properties
- 33,291 SF
- 0.48 lot acres
Current Use by Public Records
- Retail properties
Property Details for 634-640 Alvarado St
- Year built
- 1925
- Lot size
- 0.48 lot acres
- Property size
- 33,291 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional 33,291 square foot storefront property, located at 634-640 S. Alvarado Street in Los Angeles, CA 90057, presents a unique investment opportunity. Built in 1925, this multi-tenant retail space boasts a Modified Lease type and sits on a 0.478-acre lot (APN: 5141-001-037). The property is zoned C2-2 and C4-2; Tier 4 TOC, making it ideally suited for a variety of retail uses. Its prime location in the rapidly developing Westlake neighborhood offers unparalleled access to public transportation, with a Walk Score of 95 and a Transit Score of 85. The Westlake/MacArthur Park MetroRail Station is conveniently located just half a block away. The area is experiencing significant residential growth, with 17 residential projects totaling 1,027 units currently under construction and an additional 413 units delivered in the past 12 months. Despite this new construction, retail vacancy remains in the low single digits, indicating a robust and highly desirable submarket. The property's prominent location across from MacArthur Park and one lot north of Wilshire Boulevard ensures high visibility and pedestrian traffic. This 1031 exchange eligible property offers a compelling investment prospect in a thriving Los Angeles neighborhood, just one mile from Downtown. The price per square foot is $165.21.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.275
- Latitude
- 34.0583
